State budget crisis

• While much has been said of our problems around the growing federal debt and deficit, very little light has been shed on the other half of what I call the perfect storm.
(Huffington Post)
• The State Budget Crisis Task Force — an independent group led by former Federal Reserve Chairman Paul Volcker and former New York Lieutenant Gov.
(Marketwatch)
• A report released Tuesday shows that states face up to $4 trillion in unfunded liabilities and a host of other fiscal problems. Delaware Gov.
(Huffington Post)
• an independent analysis of six states released by a group calling itself the State Budget Crisis Task Force.
(Worcester Telegram & Gazette)
• WASHINGTON, July 17 (UPI) -- A report of the State Budget Crisis Task Force released Tuesday says states must take a number of steps to avoid fiscal crisis. If these problems are not addressed soon, they are likely to worsen, the report said.
(United Press International)
• A lot has been going on in various state budgets, not much of it good. The State Budget Crisis Task Force, headed by Volcker and former New York Lieutenant Governor Richard Ravitch, studied six key U.S.
(NBCNews.com)
• That makes today's report from the State Budget Crisis Task Force incredibly timely. The report takes a deep dive into the finances of Medicaid and what they mean for state budgets.
(Washington Post)
• States responded to the fiscal crisis by slashing government jobs and services, as well as passing temporary tax increases. They also received a temporary boost from the 2009 federal stimulus.
(Washington Post)
• But Bernanke said lawmakers must go beyond the year-end issues and come up with on a plan to shrink the budget deficit. Otherwise, the United States could suffer a financial crisis marked by rising interest rates.
(NJ.com)
• Former Lt. Gov. Richard Ravitch and former Federal Reserve Chair Paul Volcker on Tuesday released their report on the fiscal crisis facing the states, an analysis that focuses on New York as well as California, New Jersey, Texas, Virginia and Illinois.
(Albany Times Union (blog))